Great Affordability in Thornlands

These townhouses in Brisbane’s Redland district are an excellent example of how affordable investing in property can be, even without a massive salary.

For many people, townhouses are a sweet spot. Low maintenance, but with outdoor living spaces, their own garaging and independent entries, they are increasingly popular for tenants and homeowners who want affordable proximity to the CBDs of Australia’s capital cities.

Veridian is a master-planned townhouse estate with designated green spaces and a children’s playground, 25km from the Brisbane CBD.  The Victoria Point shopping and entertainment zone, which features nearly a hundred shops, a cinema and a range of dining options overlooking a lake is also within walking distance.  The nearest train is less than 4km away at Cleveland. There is also a wide range of public and private schools for parents to choose from. The beaches of Redland Bay are a five minute drive.

Rental returns have grown significantly in the Redland region and these 3 bedroom, 2 bathroom, single garage properties can be expected to rent from $415 per week.  The properties are brand new and therefore have the advantage of full depreciation. At the current price of $420,000, for those on a salary of $70,000, these townhouses will have a neutral cash flow after tax. 

In other words, the investor will not need to contribute any funds from their own income to meet their ongoing holding costs.  You can’t get much more affordable than that, especially since they are in an area primed for solid capital growth.  If you want to know more, please call us at Pfeiffer Property today.